Cryptocurrency Analysis and News Portal
As companies continue to fall for hacks and exploits, professionals working in the cybersecurity space chipped in on what can be improved in terms of crypto security for digital asset companies and the broader crypto industry. Before September, almost $1 billion had already been lost to crypto hacks, exploits and scams
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Kwon has requested input from Cosmos community members, as he asked them to put forward their ideas about a split. On Sunday, November 26, Cosmos founder Jae Kwon proposed a chain split to community members, following an earlier decision to reduce ATOM’s inflation. The Cosmos community had earlier agreed to take
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Taiwan-based trading firm Kronos Research recently suffered a major security breach, leading to estimated losses of $25 million. According to the company, the security breach involved the unauthorized access of API keys, leading to a loss of around 13,007 ETH, valued at $25 million at the time. Kronos disclosed the incident
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November sees a dramatic spike in cryptocurrency losses, totaling $173 million, with major hacks at Poloniex and a phishing incident leading the surge. November has witnessed a significant surge in financial losses due to crypto hacks, with the total reaching approximately $173 million. This figure is primarily driven by two major
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It's been a bit more than two years since the country made bitcoin legal tender there. Source
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Poloniex investor Justin Sun has confirmed the attack, saying the exchange “will fully reimburse the affected funds.” Crypto exchange Poloniex appears to be the latest trading platform to suffer a hack, resulting in a loss of more than $33 million worth of crypto. According to analysts at PeckShield, the hackers drained millions
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The Tron founder said Poloniex hackers have seven days to return a bulk of the funds in exchange for a white hat bounty or law enforcement would be engaged for a remedy. Justin Sun provided three wallet addresses to which hackers could transfer the stolen funds. Sun also added that an
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Cryptocurrency taxation is a subject of increasing importance, with governments worldwide working diligently to establish clear rules for taxing digital assets. In the United States, the United Kingdom, and Canada, crypto holders navigate complex regulatory landscapes, making it crucial to understand how crypto losses are taxed and their potential impact
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Scams facilitated on BNB Smart Chain (BSC) decreased from $55.4 million in the second quarter of 2023 to $13.6 million in the third quarter, according to an AvengerDAO report contributed to by security firm HashDit. This represents a 75% drop in the amount lost to scams.According to the security firm’s
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Coin Center, a research non-profit blockchain advocacy firm, has lost its case against the U.S. Treasury after Tornado Cash, an Ethereum-based mixing service, was sanctioned. In a ruling on Oct. 30, the U.S. district court said the Office of Foreign Assets Control (OFAC) did not exceed its delegated authority as the International Emergency
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